Goldman (NYSE:GS) Boosts PT, EPS on Albemarle (NYSE:ALB)

Goldman Sachs (NYSE:GS) raised their EPS estimates and price target on Albemarle (NYSE:ALB), citing strong flame retardants demand.

They gave three major reasons for the outlook: "1) Demand for flame retardants remains strong driven by improvement in all end markets, except those levered to construction and furnishing; 2) Brominated flame retardants (67% of FR sales) are a highly cost effective and efficient way of providing fire safety to electronics equipment and remain the preferred choice of electronic equipment manufacturers; 3) ALB is targeting 15% sales growth and 42%-47% segment income growth for the Polymer Solutions (FR-70% divisional sales) segment for 2011/12."

Full year 2011/2012 EPS estimates were raised to $4.13/$4.38 from $3.78/$4.10.

Goldman reiterated their "Buy" rating on Albemarle, which closed Wednesday at $54.42,down $1.15, or 2.07 percent. Goldman raised their price target on them from $57 to $64.